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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2255 Randall Rd Carpentersville, IL 60110

    • Commercial real estate
    • 33,417 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US28-2996188
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hair By Veronika J / Hair Salon
    • Ek Studio / Hair Salon
    • Beyond the Sea Massage Therapy / Alternative Medicine Practice / Spa & Massage Center
    • Bask with TF / Hair Salon

    Property Details for 2255 Randall Rd

    Year built
    2004
    Property size
    33,417 SF
    Property type
    Commercial real estate
    APN
    03-17-103-011
    APU
    317103011

    Description

    This exceptional single-story retail property, located at 2255 Randall Road in Carpentersville, Illinois, 60110, offers a total of 33,296 square feet across four suites. The building boasts a prime location on busy Randall Road, directly across from major retailers Menards and Woodman's, ensuring high visibility and foot traffic. Currently, there are 17,882 square feet of vacant space available, divisible into units ranging from a minimum of 2,107 square feet to a maximum contiguous space of 8,844 square feet. This presents a unique opportunity for businesses seeking flexible space options in a thriving commercial area. The property is categorized as both retail and office space, making it suitable for a variety of uses, including restaurants and other retail establishments. The building's convenient location, ample space, and proximity to established businesses make it an ideal investment for businesses looking to establish or expand their presence in the Carpentersville market. The property's address is easily accessible via Huntley Road, providing convenient access for customers and employees. This is a rare opportunity to secure prime retail space in a high-demand location. The building's single-story design offers easy accessibility and efficient use of space. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,342,000
      Market price range: $2.62M - $8.47M
      AI Estimate
      $1,865,000
      Market price range: $1.36M - $4.94M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carpentersville
    County
    Kane
    State
    Illinois
    Longitude
    -88.3354
    Latitude
    42.1192
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $72,092
    $420,879
    $407,046
    $827,925
    -
    $1,262,637
    $1,221,138
    $2,483,775

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    Similar Nearby for Sale

    • $2,000,000

      Prime Carpentersville Commercial Land

      12.935 Acres, High Traffic, C-2 Zoning
      0 Swc Huntly Rd & Longmeadow Pkwy, Carpentersville, IL 60110
      View Details
    • $150,000
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      Route 31 Carpentersville Commercial Land

      1.92 Acres, C-1 Zoning, High Traffic
      0 State Rte 31, Carpentersville, IL 60110
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    • $600,000
      2.41 Acres

      Huntley Rd

      Land • 2.41 Acres
      0 Huntley Rd, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      2.38 Acres

      Carpentersville Commercial Land

      Prime 2.38-acre lot, high traffic area.
      6850 Huntley Rd, Carpentersville, IL 60110
      View Details
    • $550,000
      2.41 Acres

      Prime Corner Lot in Carpentersville

      2.41 acre corner lot near Randall Road corridor.
      Huntley Rd, Carpentersville, IL 60110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,878 SF

      Prime Randall Rd. Commercial Land

      High-visibility lot, ideal for development.
      2250 Randall Rd, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      33,296 SF

      Prime Retail Space, Carpentersville IL

      High-traffic location, multiple suites available.
      2255 Randall Rd, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      33,296 SF

      Retail Space on Randall Road

      Retail space available in Carpentersville, Illinois shopping center.
      2255-2283 Randall Rd, Carpentersville, IL 60110
      View Details
    • Contact for pricing

      Land for Rent in Carpentersville

      Land available for rent in Carpentersville, Illinois.
      251 Springhill Rd, Carpentersville, IL 60110
      View Details
    • Contact for pricing
      11,390 SF

      Huntley Road Retail Space Available

      Prime Carpentersville retail space, 1,260-2,380 sq ft.
      7000 Huntley Rd, Carpentersville, IL 60110
      View Details
    • $12 SF/Yr
      11,814 SF

      Main Street Plaza Retail Center

      Carpentersville, IL retail space available.
      300-314 Main St, Carpentersville, IL 60110
      View Details
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    Carpentersville, IL 60110
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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